Program Overview
Introduction to the Master of Science in Real Estate Development
The Master of Science in Real Estate Development is designed to provide real estate professionals with the knowledge essential to assume increasingly responsible leadership roles within the development industry. Areas of emphasis include real estate finance, investment analysis, project management, sustainability, and economic development. The distinctiveness of this degree program lies in its multi-disciplinary curriculum, which incorporates coursework from the domains of business, engineering, and public policy.
Program Overview
The program is created in consultation with leading real estate development companies, and the curriculum has been designed to strengthen the employment potential and upward mobility of industry professionals working in the areas of development, architecture, engineering, public planning, construction management, real estate finance, mortgage lending, property management, real estate law, and related fields.
Admissions
Full eligibility and admission requirements can be viewed at the Costello College of Business website.
Policies
The 33-hour curriculum includes 27 hours of required courses and 6 hours of electives. Students are responsible for familiarization and compliance with AP.6 Graduate Policies. All students registering for Costello College of Business graduate courses must have graduate standing. Non-degree student status is not available. Graduate-level courses offered by the Costello College of Business cannot be audited.
Degree Requirements
Total credits: 33
Required Courses
- REAL 601: Fundamentals of Affordable Housing (3 credits)
- REAL 602: Sustainable Real Estate Development (3 credits)
- REAL 605: Policy and Planning of the Built Environment (3 credits)
- REAL 615: Brokerage and Market Analysis (3 credits)
- REAL 625: Financial Analysis and Valuation (3 credits)
- REAL 635: The Development Process (3 credits)
- REAL 645: Law and Entitlements (3 credits)
- REAL 655: Design and Construction (3 credits) Total Credits: 24
Experiential Learning Selective Requirement
Students must take one of the following experiential learning courses:
- REAL 750: MSRED Capstone
- REAL 751: Case Competition
- REAL 752: Global Real Estate Experience 1 Total Credits: 3
Electives
Select 6 credits of electives from the following:
- CEIE 573: Legal Aspects of the Construction Process (3 credits)
- CEIE 667: Multi-modal Transportation Systems (3 credits)
- EVPP 524: Introduction to Environmental and Resource Economics (3 credits)
- GGS 507: Geographic Approaches for Sustainable Development (3 credits)
- PHIL 644: Business and Organizational Ethics (3 credits)
- PUBP 602: Regional Economic Development: Strategies and Applications (3 credits)
- PUBP 714: Topics in Transportation Policy, Operations, and Logistics (1-3 credits)
- PUBP 745: Transportation and the Environment (3 credits)
- PUBP 752: Infrastructure Finance (3 credits)
- PUBP 781: Entrepreneurship and Economic Development (3 credits)
- REAL 701: Affordable Housing Finance (3 credits)
- REAL 702: Affordable Housing Policy (3 credits)
- REAL 703: Data Center Development (3 credits)
- REAL 710: Real Estate Entrepreneurship (3 credits)
- REAL 720: Real Estate Leadership and Project Management (3 credits)
- REAL 730: Financing Real Estate Projects (3 credits)
- REAL 740: Real Estate Investments (3 credits)
- REAL 790: Special Topics in Real Estate (3 credits)
- REAL 796: Directed Reading (1-6 credits)
Bachelor's Degree (any)/Real Estate Development, Accelerated MS
The BAM pathway will provide the opportunity for prospective undergraduate students to further their education by offering a specialized accelerated program that allows them to pair fundamental real estate development skills with interdisciplinary coursework tailored to the student's career interests.
Overview
Undergraduates may be admitted to a Bachelor's/Accelerated Master's program (BAM) and obtain a BS/BA in a chosen major and a MS in Real Estate Development (MRED) in an accelerated time frame after satisfactory completion of a minimum of 144 credits.
BAM-MS Real Estate Development Pathway Admission Requirements
Applicants to all graduate programs at George Mason University must meet the admission standards and application requirements for graduate study as specified in Graduate Admissions Policies and Bachelor's/Accelerated Master's Degree Policies.
Accelerated Master's Admission Requirements
Students in the BAM pathway will be admitted to the MS in Real Estate Development program if they have met the unit-specific criteria.
BAM-MS in Real Estate Development Pathway Courses
Students who are accepted into the MRED BAM pathway will be allowed to register for graduate-level courses after successful completion of a minimum of 75 undergraduate credits.
Advanced Standing
Advanced Standing courses (up to 12 credits; grade of B- or better required):
- REAL 602: Sustainable Real Estate Development (3 credits)
- REAL 605: Policy and Planning of the Built Environment (3 credits)
- REAL 615: Brokerage and Market Analysis (3 credits)
- REAL 625: Financial Analysis and Valuation (3 credits)
- REAL 635: The Development Process (3 credits)
Reserve Credit
Reserve Credit courses (up to 6 credits; grade of B- or better is required):
- REAL 601: Fundamentals of Affordable Housing (3 credits)
- REAL 602: Sustainable Real Estate Development (3 credits)
- REAL 605: Policy and Planning of the Built Environment (3 credits)
- REAL 615: Brokerage and Market Analysis (3 credits)
- REAL 625: Financial Analysis and Valuation (3 credits)
- REAL 635: The Development Process (3 credits)